Zurcher Kantonalbank Zurich Cantonalbank Purchases 36,781 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 74.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,259 shares of the semiconductor manufacturer’s stock after purchasing an additional 36,781 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Skyworks Solutions worth $7,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR raised its stake in Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Skyworks Solutions by 126.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock valued at $9,047,000 after buying an additional 57,146 shares during the last quarter. Barclays PLC raised its stake in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. Captrust Financial Advisors raised its stake in Skyworks Solutions by 20.2% during the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after buying an additional 6,151 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Skyworks Solutions during the third quarter valued at $1,570,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Bank of America decreased their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, February 6th. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Finally, Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $67.19 on Friday. The stock has a 50-day simple moving average of $78.73 and a two-hundred day simple moving average of $88.49. Skyworks Solutions, Inc. has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The firm has a market capitalization of $10.80 billion, a PE ratio of 20.61, a P/E/G ratio of 1.79 and a beta of 1.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.17%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.